Eastern Asia: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Eastern Asia

The East Asian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution reduced dramatically to $X in 2023, shrinking by X% against the previous year. Overall, consumption continues to indicate a precipitous setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Eastern Asia

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution fell notably to $X in 2023 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

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Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in Eastern Asia

In 2023, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by X% to X tons for the first time since 2015, thus ending a seven-year declining trend. In general, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) represented roughly X% of total exports in 2023.

China was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of X% from 2012 to 2023. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in Eastern Asia.

In China, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a moderate increase. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in Eastern Asia

Imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to X tons in 2023, increasing by X% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2023. In general, imports enjoyed modest growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China prevails in solution structure, finishing at X tons, which was approx. X% of total imports in 2023. The following importers - Taiwan (Chinese) (X tons) and Japan (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports into China stood at X%. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

In China, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform